Resand Boosts Loan to $27M for Sand Recycling

Jan de Vries · 2026-06-05

### A Bigger Bet on Sustainable Sand Resand, a tech company based in Nuutajärvi, Finland, just expanded its loan facility with Norion Bank. The original equipment financing deal, signed in November 2025, was for about $15.7 million. Now, it's been bumped up to roughly $27 million. That's a serious vote of confidence in what they're doing. ### What's Driving the Growth? So, why the extra cash? Simple: demand. Foundries are under the gun to hit sustainability targets, cut costs, and lock down their sand supply. Resand plans to use the money to fund new customer agreements and invest in more sand reclamation machinery. They're scaling up fast, and this financing gives them the runway to do it. Mikko Immonen, Resand's CEO, put it this way: "Expanding our facility with Norion Bank is a clear sign that our business is growing as planned. Early 2026 has been particularly strong." He mentioned signing new Sand as a Service agreements with AGVS Aluminium Werke GmbH in Germany and Termit, a leading silica sand producer in Slovenia, back in February. That's strengthening their foothold in the DACH market and Central Europe.  ### How Resand's Model Works Here's the clever part: Resand doesn't just sell equipment. They use a "Sand as a Service" (SaaS) model. They build a modular sand reclaimer right at the foundry, handle all the training, support, and maintenance, and let the foundry focus on what it does best—casting production. The claim? Their solution recycles foundry sand at near-100% efficiency and cuts CO₂ emissions from sand use and transport by up to 80%. ### Why This Matters Industrial sand isn't infinite. Resand warns that the sand suitable for industrial use is running out. Every ton of virgin sand extracted harms biodiversity. By cleaning and reusing sand, they're reducing that impact. It's a classic win-win: better for the planet and better for the bottom line. ### Norion Bank's Role Norion Bank, founded in 1999 (formerly Collector Bank), is a Nordic specialist in financing mid-sized companies. They typically lend between $3.2 million and $32 million. Karl-Mikael (Miku) Holmbäck from Norion Bank said, "Resand's growth is progressing with determination... We have built a strong understanding of Resand's business model, investment cycle, and growth drivers." It sounds like a genuine partnership, not just a loan. ### A Quick Timeline - **2013:** Resand started as Finn Recycling. - **2023:** Rebranded to Resand, with a focus on international expansion. - **November 2025:** Original $15.7 million equipment financing from Norion Bank. - **Early 2026:** New SaaS agreements in Germany and Slovenia. - **Now:** Loan expanded to $27 million. ### The Bottom Line Resand is on a roll. They've got a solid business model, a clear environmental impact, and a bank that believes in them. For foundries looking to go green without the headache of owning equipment, Resand's offering is hard to ignore. And with this new funding, they're poised to take their solution to more markets around the world.